Latest news with #Fluxys
Zawya
19-05-2025
- Business
- Zawya
Oman: Pact signed to jointly develop hydrogen transport network
MUSCAT: OQ Gas Networks SAOG (OQGN), the exclusive operator of Oman's natural gas transmission system, has signed a Term Sheet Cooperation Agreement with Belgium-based Fluxys to jointly develop a hydrogen transportation network in the Sultanate of Oman. Under the agreement, Fluxys will join as a minority shareholder, co-owning and operating the planned infrastructure alongside OQGN. The agreement builds on an earlier Memorandum of Understanding (MoU) signed in September 2023 and strengthens their partnership following Fluxys' acquisition of a 4.9% stake in OQGN during its Initial Public Offering (IPO). Both companies share a vision for leading the energy transition and see this collaboration as a key step toward realizing Oman's Vision 2040 and its national hydrogen production targets. With complementary infrastructure and expertise, OQGN and Fluxys aim to fast-track the rollout of hydrogen transport systems to support Oman's clean energy ambitions. The partnership also reflects a broader goal to exchange knowledge and best practices to accelerate low-carbon developments. The agreement was signed by Eng Mansoor bin Ali al Abdali, CEO of OQGN, and Pascal De Buck, Managing Director and CEO of Fluxys, during a ceremony at the Mandarin Oriental Hotel in Muscat, held under the auspices of Salim bin Nasser Al Aufi, Minister of Energy and Minerals. 'We are excited to work with Fluxys in developing hydrogen transportation infrastructure to support Oman's green hydrogen and decarbonisation goals,' said Eng Al Abdali. 'This collaboration reflects our commitment to delivering cost-effective, sustainable energy solutions for the future.' De Buck added, 'Partnering with OQGN marks a major step in our strategy to build international low-carbon value chains. We look forward to contributing to Oman's energy transition while bringing renewable hydrogen to Belgium and Europe.' 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Observer
18-05-2025
- Business
- Observer
Pact signed to jointly develop hydrogen transport network
MUSCAT: OQ Gas Networks SAOG (OQGN), the exclusive operator of Oman's natural gas transmission system, has signed a Term Sheet Cooperation Agreement with Belgium-based Fluxys to jointly develop a hydrogen transportation network in the Sultanate of Oman. Under the agreement, Fluxys will join as a minority shareholder, co-owning and operating the planned infrastructure alongside OQGN. The agreement builds on an earlier Memorandum of Understanding (MoU) signed in September 2023 and strengthens their partnership following Fluxys' acquisition of a 4.9% stake in OQGN during its Initial Public Offering (IPO). Both companies share a vision for leading the energy transition and see this collaboration as a key step toward realizing Oman's Vision 2040 and its national hydrogen production targets. With complementary infrastructure and expertise, OQGN and Fluxys aim to fast-track the rollout of hydrogen transport systems to support Oman's clean energy ambitions. The partnership also reflects a broader goal to exchange knowledge and best practices to accelerate low-carbon developments. The agreement was signed by Eng Mansoor bin Ali al Abdali, CEO of OQGN, and Pascal De Buck, Managing Director and CEO of Fluxys, during a ceremony at the Mandarin Oriental Hotel in Muscat, held under the auspices of Salim bin Nasser Al Aufi, Minister of Energy and Minerals. 'We are excited to work with Fluxys in developing hydrogen transportation infrastructure to support Oman's green hydrogen and decarbonisation goals,' said Eng Al Abdali. 'This collaboration reflects our commitment to delivering cost-effective, sustainable energy solutions for the future.' De Buck added, 'Partnering with OQGN marks a major step in our strategy to build international low-carbon value chains. We look forward to contributing to Oman's energy transition while bringing renewable hydrogen to Belgium and Europe.'
Times of Oman
18-05-2025
- Business
- Times of Oman
Cooperation agreement inked to develop hydrogen transportation network in Oman
Muscat: OQ Gas Networks (OQGN) has signed a cooperation agreement with Belgium's Fluxys to jointly develop the foundational infrastructure for hydrogen transportation in the Sultanate of Oman. The agreement was signed by Eng. Mansour Ali Al Abdali, CEO of OQGN, and Pascal De Buck, CEO and Managing Director of Fluxys, during a ceremony held in Muscat under the patronage of Eng. Salim Nasser Al Aufi, Minister of Energy and Minerals. Under this agreement, the two companies will collaborate on acquiring a minority stake in the hydrogen network and contribute to its operations. Both OQGN and Fluxys share a vision to lead energy transition initiatives, leveraging their integrated infrastructure and shared ambitions to enable the rapid and effective development of hydrogen infrastructure that meets Oman's needs—aligned with the objectives of "Oman 2040" and its hydrogen production goals. This cooperation agreement strengthens the partnership between OQGN and Fluxys, following a memorandum of understanding (MoU) signed in September 2023 for strategic collaboration in developing hydrogen and carbon dioxide networks in Oman. It also comes after Fluxys acquired a 4.9% stake in OQGN as a key investor during the company's initial public offering (IPO). This partnership underscores OQGN's commitment to enabling the timely development of decarbonisation infrastructure in Oman and highlights Fluxys' strategy of connecting and investing in new low-carbon energy value chains in countries with high renewable energy potential, while linking them to Belgium and Europe.
Muscat Daily
18-05-2025
- Business
- Muscat Daily
OQGN, Fluxys to develop hydrogen transportation network in Oman
Muscat – OQ Gas Networks (OQGN), the exclusive owner and operator of Oman's natural gas transmission network, announced the signing of a term sheet cooperation agreement with Fluxys, the Belgian-based global energy infrastructure group, to jointly develop the hydrogen transportation infrastructure in Oman, where Fluxys, alongside OQGN, intends to own and operate the hydrogen network as a minority shareholder. OQGN and Fluxys share similar vision in leading energy transition activities, and with complementary infrastructure and aspirations, they are well positioned to enable rapid and efficient development of hydrogen infrastructure to cater to Oman's need in line with Oman's vision 2040 and hydrogen production targets. This cooperation agreement solidifies the partnership between Fluxys and OQGN following the signing in September 2023 of a Memorandum of Understanding (MoU) between the two organisations to strategically collaborate in the hydrogen and CO2 network developments in Oman, as well as Fluxys' acquisition of a 4.9% stake in OQGN as an anchor investor as part of the initial public offering of OQGN. The partnership highlights OQGN's commitment in enabling the timely development of decarbonisation infrastructure in Oman, as well as Fluxys' strategy in connecting and investing in new low-carbon energy value chains with high renewable potential countries to Belgium and Europe and also reflects their intention to exchange knowledge derived from their experiences and prior learnings. The agreement was signed by Eng Mansoor bin Ali al Abdali, OQGN CEO, and Pascal De Buck, Managing Director and CEO of Fluxys, at a ceremony held at the Mandarin Oriental Hotel in Muscat. The event was held under the patronage of H E Salim bin Nasser al Aufi, Minister of Energy and Minerals. In a press statement, Abdali said, 'We are very excited to work with Fluxys in jointly developing the Hydrogen transportation network in Oman, and supporting Oman's green hydrogen and decarbonisation initiatives. This cooperation is a clear signal of our commitment as the national energy infrastructure company in leading the development and deployment of green hydrogen infrastructure to support Oman's energy transition goals and aspirations. Together with Fluxys, we will leverage our considerable joint experience and capabilities meeting Oman's requirements for hydrogen transport infrastructure and realizing the national agenda in a cost-effective manner.' Pascal De Buck added, 'We are delighted to partner with OQGN in developing a new hydrogen transportation network in Oman. As a shareholder of OQGN, this collaboration is a pivotal step in our strategy to accelerating the energy transition and creating new value chains. By harnessing our combined expertise, we aim to bring renewable hydrogen to Belgium and Europe, while also significantly contributing to Oman's sustainable energy goals. Together, we are committed to creating a brighter, greener energy future.'
